Rush is wrong about U.S. education and college degrees. He's also wrong about raising kids --something else he's never done but spouts off about all the time but I digress.
Even while he carries on about why U.S. education is worthless (sadly followed by too many unthinking Freepers) the market place begs to differ and now we got hard numbers to show it [click to enlarge]
Yeah, I know that the feeble rationalization follows that "well maybe college is ok but U.S. gradeschool/highschool sucks". Think. U.S. college grads can not become U.S. college grads w/o first becoming U.S. gradeschool/highschool grads.
Incidentally, that's something uniquely superior about U.S. education (along w/ a lot of other things), it's the fact that most Americans go on to College. At least some college. Even Rush went on to college.
Something else to remember is that most U.S. education is privately run. A good fer instance is the EIB University which (imho) is first rate.
I’ve got one EE and one ME - I guess I can retire!!
Oh wait, I already have :)
Yay! Both my majors made the list :)
HAPPY FOLLOW THRU DAY!!! Yes, the headline is "NASDAQ Stages Follow-Through" and we're now officially in a 'confirmed uptrend. Scoff if you wll but these are the times that the experienced traders say "hold your nose and buy".
Futures trades agree as they're entusiastically up +2.11% for stock indexes --up +4.76% for 'energies'!!, and even metals are (tho less frantic) seeing +0.53%.
On top of all that, it's "claims day":
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Philadelphia Fed
10:30 AM Natural Gas Inventories
11:00 AM Crude Inventories
Also:
You'd Notice if Apple Disappeared, Not the TSA - Kevin Williamson, NRO
Apple Shouldn't Put Profits Above the Law - Sen. Richard Burr, USA Today
AAPL Stance Highlights More Confrontational Tech - Farhad Manjoo,NYT
Trump and Sanders Killing the Market? Naaah - Barry Ritholtz, Bloomberg
What Oddly Strong DJ Transports Say About Stocks - Mark Hulbert, MW
Bearish Sentiment Has Been Cocktail for a Rally - Doug Kass, Kass' Korner
Robot Calls Market Better Than Human - Redmond/Hasegawa, Bloomberg
Negative Rates: Giant Fiscal Failure - Ambrose Evans-Pritchard, Telegraph
The Growing Power of the Federal Reserve - Timothy Shenk, The Nation
Kill Dodd-Franks Bad Rules, Not the Banks - Editorial, Investor's Business
How Much Tax Does Bernie Want You to Pay? - Chris Matthews, Fortune
Hey Obama, For Most of Us Economy Is Still Weak - Stephen Moore, RCM
The entry for civil engineers is low by at least 10% starting pay and low by about 50% for experienced engineers.
No one argues that U.S. education is generally worthless. We have many high performing schools. These include both public and private schools, and homeschoolers. BUT: we also have far too many schools that are educational disaster zones. These are disproportionately concentrated in, but not limited to, schools in urban low income black and Hispanic communities. There is also a widespread acceptance of mediocrity among too many schools in middle and working class communities. This is first and foremost a human problem. It also contributes to our social and racial issues. Last but not least, it compounds our urban policy problems, as crummy schools drive middle class flight and defacto redlining of otherwise viable neighborhoods by middle class parents.
You can blame H-1Bs for wage suppression of Computer Science. Comp Sci should be at the top if supply and demand wasn’t altered by the flood of H-1b visas.
Yes, American higher education still leads the world: six of the top 10 universities and 14 of the top 20 in the Times Higher Education Ranking are in the U.S. (The top 10 are rounded out with 3 in the UK and one in Switzerland, in the top 20 add another in the UK and one in Canada.) The Shanghai rankings give only Oxford and Cambridge as non-US universities in the top 10, and 16 of the top 20 being US. Students from all over the world come to the US for graduate school in almost every discipline, and if their parents are well-heeled enough for undergraduate studies as well.
But, American K-12 education really is terrible. Those of us who teach at American universities with world rankings in the 80th to 800th (or 80th to 500th)* range see how innumerate, and if not illiterate, at least incapable of writing well-constructed, rhetorically sound prose, American students are when they leave high school. And, no, the university I teach at does not admit large numbers of students from the urban underclass. We have to reteach adding fractions to some wannabe engineers and many, perhaps most, elementary ed majors.
*I picked 80th because it was the first round number after all the Ivies in both rankings and the vast majority of state universities in the US are ranked below 80th — those ranking higher are all in states where any commitment to “open admissions” is system-wide and are the campuses that get to pick and choose their undergraduates.
for later
My boys are all going through an engineering cluster in high school. They pick which path they want to take during freshman year and then the school has a series of classes to take them down that path throughout high school. One son who is about to graduate will be going to college for aerospace engineering and the other I think will be more into computers. My youngest hasn’t decided yet, but he has plenty of time.
I’ve been told that pharmacists make at least 80thou right out of school, and probably higher...
OK, got it.
The economy is great. Rush is a fraud.
Bookmarked
ie, lunch.
I am wondering what kind of job you do with “Ethnic Studies”?
What employer would pay $60 thousand a year for that?
Pharmacists make a boat load more than listed here. Coming out of school making 3 figures.
It cracks me up every time I interview a millennial for a software dev job that asks for 5-7 years experience. They ask for $100K+. I just smile and go to the next idiot. Even the entry guys (less than 4 yrs) want me to pay them $85K+.
That Consumer Sciences degree might be a better bet than you think.
If Bernie wins this the Government is going to go on a mass hiring spree for new jackboot regulators.
According to the chart:
Environmental studies graduates get almost the worst compensation. I can imagine its because the field is flooded with clueless dogooder types. Too much supply of these graduates.
The more fun your job is the less it pays.